169 Mc Donalds Shut after September 6 : McDonald’s said it was terminating its agreement with Connaught Plaza Restaurant (CPRL) due to alleged breach of franchise agreements. 169 Mc Donalds Shut after September 6 in Delhi. The move comes almost two months after CPRL shut 43 of the 55 McDonald’s restaurants in Delhi following its failure to renew their licences, amid a legal battle between Bakshi and McDonald’s.
169 Mc Donalds Shut after September 6
McDonald’s snapped its franchise agreement with Connaught Plaza Restaurants Ltd (CPRL), its equally owned joint venture with Vikram Bakshi that operated the US chain’s restaurants in northern and eastern India. McDonald’s has taken away all branding, trademark, design and marketing policy rights from CPRL while culminating a 22-year relationship with Bakshi.
“We have been compelled to take this step because CPRL has materially breached the terms of the respective franchise agreements relating to the affected restaurants,” the company said in a statement.
“This is a completely contemptuous, mala fide and yet another oppressive act indulged in by the McDonald’s Corporation to sabotage the order of the Hon’ble NCLT (which states that McDonald’s Corporation is refrained from interfering with the smooth functioning of Connaught Plaza and all its 169 restaurants open in the assigned territory of north/east India),” Bakshi said in a text message.
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